Just called a Ford Dealership. It will cost about $78 for them to set the distributor and adjust the timing. That's not the issue. I told him about the oil pump shaft and he said if he pulls the distributor and it falls into the pan, he'll have to charge me to either pull the engine or the oil pan to remove the shaft. This is where the problem lies.

Mucho Buckos $$$$. Even then, I can't be sure the temperature problem will be gone